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Radical Markets: Solutions for a Gilded Age?

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Is inequality an inevitable product of the free market?

Many people think that growing inequality, the rise of populism and nativism, and the decay of democratic institutions all have the same cause—the overreach of markets. The solution, they believe, is to limit the market through regulation. But what if rather than shrinking the market, the answer lies in expanding the market? Is it possible that we haven't let markets go far enough? Do our current regulations lead to too many monopolies? And could turning more things into assets that are for sale to the highest bidder actually be the solution to our new gilded age? Debra and Ken buy and sell with Glen Weyl from Yale University, co-author of Radical Markets: Uprooting Capitalism and Democracy for a Just Society.

Devon Strolovitch studied medieval Judeo-Portuguese manuscripts and earned a PhD in Linguistics from Cornell University before coming to KALW. He is the Senior Producer of Philosophy Talk, and since 2007 has hosted Fog City Blues, the weekly digest of Blues in the Bay Area and beyond.